Answer:
Total cost= $650,857
Explanation:
Giving the following information:
At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and its total fixed maintenance and repair cost is $230,253.
<u>We need to calculate the total cost of 7,100 units. Because it is between the relevant range, fixed costs will remain the same. We need to determine the unitary variable cost.</u>
Unitary variable cost= total variable cost/ unit
Unitary variable cost= 408,756/6,900= $59.24
Total cost= 59.24*7,100 + 230,253= $650,857
Answer:
A. $0.90
Explanation:
Earning per share = (Net Income - dividends on preferred stocks)/average outstanding common shares
Particulars Amount
Earning After Tax 128750
Taxes 15000
Earning before Tax & Interest Expense 143750
Interest Expense (20000)
Earning after Interest, but before Tax 123750
Taxes (15000)
Earning after Taxes 108750
Preferred Dividends (18750)
Earning available for common stock holders 90000
common stock outstanding 100000
Earning per share 0.9
Therefore, The outstanding Earnings per share on the common stock was $0.90
To prepare an income statement, you will need to generate a trial balance report, calculate your revenue, determine the cost of goods sold, calculate the gross margin, include operating expenses, calculate your income, include income taxes, calculate net income and lastly finalize your income statement with business details and the reporting period.
If you can't find the time to make one from scratch, there are templates that can be used to help.
gross margin : the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides.
net income : net earnings, is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses.
I think it's called the Holland code.
Answer:
Gross pay= $13,357.8
Explanation:
Giving the following information:
Gross commission= 3%
Sales= $445,260
<u>The gross pay is the amount earned before tax and other deductions. We need to use the following formula:</u>
Gross pay= commission rate*sales
Gross pay= 0.03*445,260
Gross pay= $13,357.8
